CNBC Economy / Updates
- Treasury's Bessent hires Trump's controversial former Fed board pick, Judy Shelton, as advisor October 9, 2026Shelton's controversial economic ideas led the Senate to block her nomination to the Fed. Now she's going to be a counselor to the Treasury secretary.
- Inflation on many everyday items was entirely due to tariffs, NY Fed says October 8, 2026Tariffs added 2.9 percentage points to inflation in 67 categories of goods by February 2026, researchers at the New York Federal Reserve found.
- Inflation fears on the rise as one-year outlook in Fed survey hits highest level since May 2023 October 7, 2026The Survey of Consumer Expectations indicated that the median outlook for inflation over the next 12 months rose to 3.9%.